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REGISTERED NUMBER: 00996369 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Witchell Developments Limited

Witchell Developments Limited (Registered number: 00996369)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Witchell Developments Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: T J Sugrue
Mrs C J Sugrue





REGISTERED OFFICE: Moreton Lodge
Bourton Road
Moreton-in-Marsh
Gloucestershire
GL56 0BG





REGISTERED NUMBER: 00996369 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Witchell Developments Limited (Registered number: 00996369)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 416 -
Investment property 5 1,400,000 1,490,000
1,400,416 1,490,000

CURRENT ASSETS
Debtors 6 99,340 119,868
Cash at bank 8,491 30,563
107,831 150,431
CREDITORS
Amounts falling due within one year 7 572,813 688,398
NET CURRENT LIABILITIES (464,982 ) (537,967 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

935,434

952,033

PROVISIONS FOR LIABILITIES 86,548 66,465
NET ASSETS 848,886 885,568

Witchell Developments Limited (Registered number: 00996369)

Balance Sheet - continued
30 June 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 178,833 232,948
Retained earnings 669,953 652,520
SHAREHOLDERS' FUNDS 848,886 885,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Mrs C J Sugrue - Director


Witchell Developments Limited (Registered number: 00996369)

Notes to the Financial Statements
for the year ended 30 June 2023


1. STATUTORY INFORMATION

Witchell Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Witchell Developments Limited (Registered number: 00996369)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2022 4,393
Additions 555
At 30 June 2023 4,948
DEPRECIATION
At 1 July 2022 4,393
Charge for year 139
At 30 June 2023 4,532
NET BOOK VALUE
At 30 June 2023 416
At 30 June 2022 -

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 July 2022 1,490,000
Additions 19,961
Disposals (90,000 )
Revaluations (19,961 )
At 30 June 2023 1,400,000
NET BOOK VALUE
At 30 June 2023 1,400,000
At 30 June 2022 1,490,000

Witchell Developments Limited (Registered number: 00996369)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


5. INVESTMENT PROPERTY - continued

Cost or valuation at 30 June 2023 is represented by:
£   
Valuation in 2023 1,400,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 99,340 119,868

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 362,786 421,357
Taxation and social security - 2,376
Other creditors 210,027 264,665
572,813 688,398

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 362,786 421,357

Bank loans are secured by way of fixed security and negative pledge over the company's properties.

9. RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year is a director's loan in the sum of £202,025 (2022: £206,874). The loan is unsecured, interest free and carries no fixed date of repayment.

Included within debtors: amounts falling due within one year is a loan to Swanbridge Properties Ltd, a company in which the directors have an interest, in the sum of £99,340 (2022: £119,868). The loan is unsecured, interest free and carries no fixed date of repayment.

Witchell Developments Limited (Registered number: 00996369)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


10. CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholding.